Dow average’s most costly stock fails to carry its weight
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:15 p.m. (1:15 p.m.) on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube.
While UnitedHealth Group Inc.’s third-quarter results were well received Thursday, the insurer has yet to pull its weight in the Dow Jones Industrial Average this year. UnitedHealth is the only stock in the price-weighted average to trade at more than $400 a share, according to data compiled by Bloomberg. Thursday’s close was $420.36, reflecting an earnings-driven gain of 4.2%. Even so, it’s only the fourth-largest contributor to the Dow’s 14% advance this year. Goldman Sachs Group Inc., Home Depot Inc. and Microsoft Corp., in that order, are the biggest.